To Use Cost/benefit Analysis to Decide Whether to Attend College

question 65

Multiple Choice

To use cost/benefit analysis to decide whether to attend college, a prospective student must take into account all of the following except the:

• A) income which will have to be forgone during the years when the student is attending classes rather than working.
• B) difference between expected lifetime earnings with a college degree and expected lifetime earnings without a college degree.
• C) basic entertainment expenses during the time spent in college that the student would have spent even if not attending college.
• D) additional expenses incurred while attending college, such as tuition and books.

---

Definitions:

Negotiate

The process of discussing something with another party to reach a mutually agreeable decision or deal.

Nonnegotiable

Refers to instruments or documents that cannot be transferred or assigned from one party to another by endorsement or delivery, limiting their exchangeability.

Additional Terms

Supplementary conditions or provisions added to a contract that were not mentioned in the original agreement but are negotiated before finalization.

Ambiguous Checks

Checks that contain unclear, vague, or undetermined information, leading to potential confusion about the drawer's intentions.